Opinion: For $40,000, a Better Degree Than Harvard's?

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... I ... I ... welcome back to Opinion Journal why Mary Kissel soaked as the student debt is skyrocketing intuition is going up and for a lot of Americans ... Collins is looking more ... and more on affordable with each passing year ... could Silicon Valley solve the problem Scott never projects CEO Ben Nelson here ... sign about his idea that to fix all of this on ... to the universe sees called Minerva ... on the other colleges and dabbled in income IBT based solutions ... how is been a bit different ... from what we seen in St Phoenix diversity for her ... to me never really started as an attempt to reform and Ivy League university twenty years ago ... so it was before the age of technology that it turns out the new technology to really change the way ... the high-end education is delivered into the wait still live ... in terms of the cost has a connection ... it's a number of ways first that comes from the curriculum ... so we await now colleges offer much of course is UK thirty of them and then get a degree and one course isn't really related to another is really no structure to it ... technology allows you to bring courses together so that one course can build on another ... because if you have a small group of students from all over so cars are seminars under twenty students per class ... because it's so high college ... you can actually assess students' progress along various intellectual development goals can carry that could cost the club it we we should be at it upright you're never has not yet started classes yes it started to our pilot classified requests to start the new year the pic starting in the year how is this different from a massive online course ... well as I mentioned a hunger for summer classes are actually small seminars settled the Ecclesia ... so so the students who live together in residence halls all over the world ... and the ten classes of under twenty students ... although the life video ... even though they live together in the professor may be just a few feet down from them in the hallway ... the Onek capture everything that happens in class ... so that other professors can build upon what they learned if ... I can on the price point is significantly cheaper than say Harvard's my Hattie the chief ... well we price our to issue ten thousand dollars the year which is actually if you look at the rate of inflation over the last fifty years ... what color should cause the vehicle was used ... nineteen sixties dough to wish and raised for inflation ... so we really think that that's what college should be costing the when you do that ... is that we eliminate three important things on that are very very costly ... that we think we were not the purview of seventy also fought number one ... we eliminate the need for giant campuses new cities ... campus ... so rather than ... recreating us into a no no go on sinning so though be dorms up at there will be recreated football stadiums and other than museums and cafeterias ... because the city has a much better Offering than anything the ... universe he can build itself ... secondly ... there is not the concept ... of student having to pay for faculty research ... we think that the research is very very important but ... researchers give grants ... and therefore granted a further search not to wish and of the teen girls ... and third ... because we are delivering our instruction do these by the awesome and you don't have to build classrooms ... still receive an enormous amount on buildings to exit the statistic ... I mean it that aren't the regulators can come in and shut it down I mean this is such a threat to to begin oversees about thirty seconds left well that that the good news is that because intuition is a quarter of what it is for the university because Brittany create our own scholarship programs and Sue most would not apply title for ... our funds from the federal government so we really ... tried to do a not so the system and ... do something that makes up for sale all week that experiments like this before but I wish you the best of luck I hope this one